Sinochem International (China) Market Value
| 600500 Stock | 4.28 0.05 1.18% |
| Symbol | Sinochem |
Sinochem International 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sinochem International's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sinochem International.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Sinochem International on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Sinochem International Corp or generate 0.0% return on investment in Sinochem International over 720 days. Sinochem International is related to or competes with Ligao Foods, Tonghua Grape, Quectel Wireless, Guangdong Wens, Guangzhou Restaurants, Eastroc Beverage, and Qingdao Foods. Sinochem International is entity of China More
Sinochem International Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sinochem International's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sinochem International Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | 0.0535 | |||
| Maximum Drawdown | 16.08 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 3.81 |
Sinochem International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinochem International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinochem International's standard deviation. In reality, there are many statistical measures that can use Sinochem International historical prices to predict the future Sinochem International's volatility.| Risk Adjusted Performance | 0.0896 | |||
| Jensen Alpha | 0.3137 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.056 | |||
| Treynor Ratio | (0.66) |
Sinochem International Backtested Returns
Sinochem International appears to be moderately volatile, given 3 months investment horizon. Sinochem International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0853, which indicates the firm had a 0.0853% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sinochem International Corp, which you can use to evaluate the volatility of the company. Please review Sinochem International's Semi Deviation of 2.16, coefficient of variation of 925.01, and Risk Adjusted Performance of 0.0896 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sinochem International holds a performance score of 6. The entity has a beta of -0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sinochem International are expected to decrease at a much lower rate. During the bear market, Sinochem International is likely to outperform the market. Please check Sinochem International's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sinochem International's existing price patterns will revert.
Auto-correlation | 0.21 |
Weak predictability
Sinochem International Corp has weak predictability. Overlapping area represents the amount of predictability between Sinochem International time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sinochem International price movement. The serial correlation of 0.21 indicates that over 21.0% of current Sinochem International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Sinochem International lagged returns against current returns
Autocorrelation, which is Sinochem International stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sinochem International's stock expected returns. We can calculate the autocorrelation of Sinochem International returns to help us make a trade decision. For example, suppose you find that Sinochem International has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sinochem International regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sinochem International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinochem International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinochem International stock over time.
Current vs Lagged Prices |
| Timeline |
Sinochem International Lagged Returns
When evaluating Sinochem International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinochem International stock have on its future price. Sinochem International autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sinochem International autocorrelation shows the relationship between Sinochem International stock current value and its past values and can show if there is a momentum factor associated with investing in Sinochem International Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sinochem Stock
Sinochem International financial ratios help investors to determine whether Sinochem Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sinochem with respect to the benefits of owning Sinochem International security.